Labuan Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part IX
147. Insider dealing
Feedback & supportSubject to the defences available under this Division, any individual who has information as an insider and—
he deals in securities that are price-affected securities in relation to the information;
securities
“securities” means any investments commonly known or capable of being described as securities, and includes— (a) shares, debentures, funds, units, interests in a limited partnership or limited liability partnership or unit trust or foundation or protected cell company or corporation; (b) debentures, bonds or notes of or issued by any body (incorporated or unincorporated), government, local government or public authority; *NOTE—The Exchange Control Act 1953 has since been repealed by the Financial Services Act 2013 which comes into operation on 30 June 2013—see sections 271 and 272…
he encourages another person to deal in securities that, whether or not that other person knows it, are price-affected securities in relation to the information; or
person
“person” includes a corporation, partnership, a body of persons, corporate or unincorporated and a corporation sole;
he discloses the information otherwise than in the proper performance of the functions of his employment, office or profession, to another person, commits an offence and shall, on conviction, be liable to a fine not exceeding five million ringgit.
office
“office” includes the principal place of business, a branch, an agency, a mobile place of business, a place of business set up and maintained for a limited period only, an electronic terminal and any other place of business;